Barracuda Networks Limited

Barracuda Networks Limited, based in Reading, UK, is a sizable company with an active status, celebrating 20 years since its founding. Employing 189 people and holding assets of £7,658,585, the company generated £30,402,925 in revenue last year. It operates from a real address and is overseen by two directors and one owner, boasting a respectable Google rating of 4.0 from 22 reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts (156 months) and exports electrical machinery and equipment (102 months).

Barracuda Networks Limited is a cybersecurity platform provider, offering solutions for email, data, network, and application protection. Its website showcases a broad range of services, from email security and data backup to managed XDR and network protection. The company caters to businesses of all sizes, providing both on-premises and cloud-based solutions. They even offer services for Managed Service Providers (MSPs), enabling them to deliver cybersecurity services to their clients.

Financially, Barracuda Networks Limited exhibits some interesting trends. While current assets increased by 25% to £7,700,000, net assets decreased by 15% to £4,100,000. Bank borrowings increased by 780% to £6,200,000, and cash reserves plummeted 85% to £360,000. Trade creditors decreased by 65% to £110,000, suggesting improved debt management. The company meets the criteria for a large company, having turnover over £36 million, balance sheet over £18 million, and over 250 employees. The company’s auditor is Nortons Assurance Limited.

The substantial increase in borrowings, coupled with the decrease in cash reserves, suggests the company may be investing heavily in growth or facing increased operating expenses. The decrease in net assets, however, is a concern and could indicate a decline in equity. It’s possible that the company is strategically leveraging debt to expand its market share and product offerings, but careful monitoring of its financial health will be crucial.

Registered in England/Wales under the registration number 05145504, with a registered address at RG1 3AR, Reading, Berkshire, The White Building, 33 Kings Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.